Natural Gas

Australia is the world’s fourth largest exporter of liquefied natural gas (LNG).

LNG is natural gas — mostly methane — which has been cooled to minus 161°C to reach a liquid state.

By liquefying natural gas, its volume reduces by a factor of 600 and enables storage and transportation in specifically designed tankers.

LNG is widely seen as a clean, safe and convenient form of energy, which can be readily supplied to distant markets. It is transported to dedicated receiving terminals, which have the capacity to store the product until energy is demanded. In its liquid state, natural gas is not flammable or explosive, making it a much safer source of energy than other conventional methods.

Natural Gas Companies on the ASX

Australia is the third largest LNG exporter in the Asia-Pacific region, and the fourth largest LNG exporter in the world, exporting 18.9 million tonnes in 2011 at a value of $11.1 billion.

Australia has contracts to supply LNG to Japan, China, and South Korea, and has made spot market sales to numerous other countries.

Natural Gas Companies on the ASX

Santos Ltd [ASX:STO], Origin Energy Ltd [ASX:ORG] and Woodside Petroleum Ltd [ASX:WPL] are the major producers of LNG on the ASX. Australia has several operating LNG developments and a further three under construction.

These new projects are providing major benefits in the form of long-term employment and government revenue.

So, if you like the sound of LNG, we do too. It’s a growing industry that’s changing the world. That’s why there’s always plenty of EXCITING news to talk about. Read more below.

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